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Finance sector downbeat over virus projections

by LLB Editor
24th Apr 20 10:07 am

Peel Hunt has just released the results of its COVID-19 survey of investors, corporate managers and other UK finance professions (banking/legal/accounting), revealing the City’s views on what shape the recovery will take, how investor habits and priorities will change post lockdown, and the outlook for corporates in a post-COVID market.

Majority (79%) of respondents have a strong view that the lockdown is likely to return, implying a rocky road to economic recovery.

This suggests that companies will be risk averse in managing their businesses and balance sheets. It also highlights that a sustained market recovery is unlikely.

A total of 94% expect the lockdown in its current form to end in May (60%) or June (34%). Meanwhile, 21% believe the lockdown will end in more than three months, with 29% believing it will be 2-3 months.

96% believe the end of the lockdown will be phased.

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